Average Net Worth By Age 2024 Revealed (How Do You Compare?)

The AVERAGE NET WORTH BY AGE 2024 Revealed (Where Do You Stand?). Let's look at the study recently released by the Federal Reserve and look at the average, and the median, net worth by age of families. Let's see where you stand.

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**Time Stamps**

00:00 intro
01:00 What exactly is net worth?
01:30 Federal Reserve Study
02:26 Average net worth by age
03:17 Median net worth by age
05:28 Other factors effecting net worth
07:13 How to increase your net worth
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🧩 DISCLAIMER: I am not a financial adviser. These videos are for informational and educational purposes only.

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Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them.

[lovedbyYahuah]

I’m 30 and my net work is around $90K - the biggest factor was becoming debt free earlier this year! Not totally where I want to be but starting to invest more

[KingNeutral]

Age 31, Single, Male, AfrAm and $190k net worth here…half of it being in retirement that I can’t touch until way later. I feel very comfortable and could probably survive a few years without working but I’m definitely far from rich. I share an apartment with a roommate in a big city where I don’t need a car. Student loans all paid off by Age 28. $95k salary

[kinggamerz]

As a young 18 black male who is looking to be the one to bring riches to my family everything you talk about has helped me become better, rn I have 17k I’m the bank(I have been working since 16) and I’m looking to do more to gain more money

[ronnieshields]

32 with a net worth of 1.1 million. Invested into real estate and stocks when i was younger.

[monsterenergyaxe]

39 Net 380k. investments 205k taxable/401k/IRA. Dividend yearly currently at 12K annual. Gross salary 90k. 40k house debt paid off in 8 years. I am saving like crazy and investing. Maxing out IRA and hitting 15% on the 401k. I want to get annual dividend to 50-70k. Your first 100k is a struggle. After the first 100 it gets easier.

[rafaelmercer]

36 - $1.5 million net worth, 40% in R/E and 60% in liquid assets

[tezacatlipocaxocoyotzin]

47 approaching 2 million net worth. Can't complain.

[jehan]

Single asian female, 35, net worth approximately 400k. Also, will be retiring after 20 years from military service 🎉

[kenjigodfrey]

I’m 46 with a net worth 800k. I measure myself by the average not the median so I have some work to do. Seeing the 44k median for African Americans was😢

[lbottroff]

I’m surprisingly happy with my net worth. I know it goes up and down.
I’ve been working on not carrying debt for a couple of years.
Listen to good YouTube like your channel and several others everyday to keep me on track!

[ehderguyyashootadeerorno]

38 years old. Net worth of $675k. Got a brand new house, 80 wooded acres, and no debt except mortgage.

[Rooftop_Potaito]

29 Asian male with net worth $1.3M. I still vividly remember the struggles my parents had with money when I was a teenager. Joined the military at 18 and started investing a minimum of $1000/month since. Honestly the best financial decision I've made.

[xlerb]

I'm in my early 60's and I'm doing ok. I'm above the average for my age range. It's taken effort to get there. While friends in college were partying I was studying. While coworkers were buying fun toys on credit I was investing. We haven't lived a grim life, far from it. We've just lived below our means and prioritized what's important to us so we could spend freely on those areas while cutting back in other areas and we always prioritized investing. You have so much more money to spend if you avoid consumer debt. Student loans for income producing degrees and mortgages are fine, within reason. Car payments maybe, depends on the scenario. Around here you need a GOOD car in the winter and they are harder to find cheap so I never worried about modest car payments. Credit card debt is a big no however.

[kentgantjr]

Age 34 here.
Home property about $229k
Investments/401k about $26k
Savings $25k

[TheLovely]

Hello. Great content. I'm not even close right now. Hopefully that will change in 5 years.

[christinahinojosa]

36 and net worth with my husband is 400k. no student loan debts (thank god).

[jhpt]

Honestly ... I don't care how I stack up compared to others my age (or anybody else for that matter). I'm playing my own game, not somebody else's.

If we're not supposed to compare ourselves based on possessions (i.e., "keeping up with the Joneses"), then why should we care about comparing ourselves based on net worth?

[tommcgregor-le]

Bro...Congratulations on 100+k subscribers

[casual]

Age 44 and just got to my first million, and it’s rental property that’s got me there 👍🏻

[rda]

I am above the average networth for my age. The chart shows I am doing alot better than I thought I was. I still need to be more intentional with increasing networth. I was hoping to be higher to retire by 55 years old.